Source: FIFA<\/em><\/figcaption><\/figure>\nThe footballing world has just witnessed a massive summer transfer window as the clubs spent a record amount of money on player acquisitions. A lot of transfer records were broken as clubs, especially in the Premier League and the Saudi League, looked to bolster their squads. The total expenditure globally reached up to $7.36 billion in transfer fees, which is the highest in the sport’s history and by some margin. The previous record was set in 2019 when clubs spent $5.80 billion on transfers.<\/span><\/p>\nExpectedly, football agents also managed to grab a big share of that huge expenditure. As per the report, football agents earned a record $696.7 million during the recently concluded summer transfer window. Hence, football agents walked away with 9.5% of the entire spent in the summer transfer market. $696.7 million earned by football agents was also a record amount, eclipsing the previous record set in 2019.<\/span><\/p>\nSpending on agents increased by 41% in 2023<\/span><\/h2>\nSource: FIFA<\/em><\/figcaption><\/figure>\nAs stated above, football clubs spent $696.6 million on agents in the summer window. This figure witnessed an increase of 41% on $494.5 million spent on agents in 2022. <\/span>The figure also represented a 30% increase on the previous record figure of $536.2 million from the 2019 summer window.\u00a0<\/span><\/p>\nEvidently, the 2019 summer window was a massive one in football, but it was followed by COVID-19. The transfer expenditure took a massive hit in 2020, but it has been aggressively increasing ever since. In 2023, the transfer outlay finally crossed past the records set in 2019.<\/p>\n
Vyom Chaudhary, an editor at SafeBettingSites.com, \u201dThe recent window was representative of the fact that football has recovered from COVID-19. Clubs spent a record amount of money on players and agents alike, breaking all previous records set in 2019. The football transfer market took a big hit in 2019 due to the pandemic, but it has recovered since.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"The role of football agents in the transfer market has never been more apparent than in the recent summer transfer window, where these intermediaries raked in record-breaking earnings. According to SafeBettingSites.com, football clubs allocated a substantial 9.5% of their entire summer transfer spending to agents, resulting in a staggering $696.7 million in agent fees. Agents … <\/p>\n","protected":false},"author":83,"featured_media":41198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-41194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\n
Football agents pocket 9.5% of the entire spending in the summer window - https:\/\/www.safebettingsites.com<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n